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Compute the price elasticity if quantity demanded at price

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Reference no: EM132664790

Problem 1: For a constant price elasticity function, compute the price elasticity if quantity demanded at price $100 is 1760 units, and the quantity demanded at price $90 is 2000 units.

Group of answer choices

Option 1: -3.31

Option 2: -1.21

Option 3: -0.21

Option 4: -2.21

Reference no: EM132664790

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